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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Medical Office Space
2244 Harmony Rd Fort Collins, CO 80528-3421
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1073953
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,904 SF
Lot
0.65 ac (28,314 SF)
APN
87323-63-005
UPID
US13-1073953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Megan Anderson Physician
-
Castle Rock Hormone Health Fort Collins Medical Clinic
-
Spine Correction Center of the Rockies Alternative Medicine Practice
-
Farrell Michael W DC Alternative Medicine Practice
-
April Lee Cardwell Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$2.64M
Owner & transaction history
807 Legion LLC · 2 yrs held
807 Legion LLC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+28.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Collins submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Collins submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,250,000
ML approach
$3,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,010,000
Current use
RESTAURANT
$2,595,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,950,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$1,715,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.65M (Sep 7 2023)
Last sale anchor
$2.65M
Sep 7 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$447 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$45,403
Tax year 2023
Assessed value
$505,688
Assessed 2023
Previous assessed
$394,632
+28.1% YoY
Effective rate
8.98%
On assessed value
Assessed land
$78,985
Assessed improvement
$426,703
Land market value
$283,100
Improvement market value
$1,529,400
Total market value
$1,812,500
Applied tax rate
1,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
5,904 SF
Lot
0.65 ac (28,314 SF)
APN
87323-63-005
UPID
US13-1073953
Jurisdiction
LARIMER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
807 Legion LLC
Entity
Mailing address
345 PASCAL ST, FORT COLLINS, CO 80524-2527
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
$2,650,000
807 Legion LLC
Twenty Nine 11 Properties LLC
Warranty Deed
$1,714,000 · First National Bank Of Omaha
Jul 1, 2022
—
Twenty Nine 11 Properties LLC
—
Deed
related
$203,904 · First Citizens Bank & Trust Co
Dec 22, 2017
—
Twenty Nine 11 Propertuies Lldc
—
Deed
related
$1,390,000 · First Citizens Bank & Trust Co
Jan 6, 2012
$475,000
Twenty Nine 11 Properties LLC
Cfm Harmony LLC
Grant Deed
$1,215,000 · Verus Bank Of Commerce
—
—
Twenty Nine 11 Properties LLC
—
Deed Of Trust
related
$790,000 · Verus Bank Of Commerce
—
—
Twenty Nine 11 Properties LLC
—
Loan Modification
related
$790,000 · Verus Bank Of Commerce
—
—
Twenty Nine 11 Properties LLC
—
Deed Of Trust
related
$1,422,000 · Verus Bank Of Commerce
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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